Terra Hill (former Flynn Park) is a brand new 5-storey high residential development at Yew Siang Road, just 5 minutes walk from Pasir Panjang MRT station. This development is nestled within a private residential enclave, surrounded by low-rise apartments and condominiums, and landed homes, beside the Southern Ridges Green Belt. It sits on elevated ground between Kent Ridge Park at its back, and the upcoming Greater Southern Waterfront district to its south.
|Project Name||Terra Hill|
|Developer||Hoi Hup Realty and Sunway Developments|
|Address||Yew Siang Road|
|Site Area||Approx. 19,364 sqm / 208,443 sqft|
|Expected Date of Vacant Possession||2027|
|Total No. of Units||270 Units of 2 Bedroom, 3 Bedroom and 4 Bedroom|
|No of Storeys||TBA|
|Main Contractor||Straits Construction Group Pte Ltd|
At 208,443 square feet, Terra Hill land size is considered big for a new freehold project. A good size that holds better value long term which is not so commonly found nowadays. Especially one that’s less than five minutes walk from an MRT station.
The low-density residential character of the estate against the backdrop of a large swathe of greenery, gives the neighbourhood a secluded feel.
Terra Hill condo fits into its surrounding, creating a space away from the stresses and hustles of city life. Here, one can wind down in the midst of a green and calm landscape, and friendly breezes.
Located along Yew Siang Road off West Coast Highway, Terra Hill is about 350m to Pasir Panjang MRT station on the Circle Line MRT, or just five minutes walk away. This station is five stops down from Holland Village, three stops from one-North, and three stops up from Harbourfront station at VivoCity. The last stage of the line, from Harbourfront to Marina Bay, is scheduled for completion by 2026, which will close up the loop.
Access by car is also pretty easy. The West Coast Highway running nearby above Pasir Panjang Road connects to the Ayer Rajah Expressway (AYE), which leads to the islandwide expressway network.
Terra Hill condo location is much closer to major business hubs and centres of employment than most people realise. It is 15 minutes drive from the Central Business District (CBD) and Marina Bay Financial Centres. But closer to home, are other notable business parks: Mapletree Business City (within 15 minutes walk), Singapore Science Park (5 minutes drive), One North (a 9 minute drive), and the International Business Park. These centres alone contribute a total of over 50,000 jobs and representing plenty of potential buyers and tenants.
Terra Hill condo location fringes one of the largest research and education belts of Singapore, stretching from Clementi, through Kent Ridge and Dover Road, to one-North at Buona Vista. It includes campuses like the Singapore Polytechnic, the Japanese schools, National University of Singapore and its related research hubs, United World College of South-East Asia, the ISS International School (Preston campus), Science Park, and so on.
For recreation, Terra Hill is right beside the Southern Ridges Green belt. This is one of the longest stretches of nature reserves in Singapore, comprising Kent Ridge Park, HortPark, Telok Blangah Hill Park, and Mount Faber Park. To its south are Labrador Nature Reserve and Coastal Walk as well.
Residents can go to quite a few shopping and food centres around too. The closest of these is Alexandra Retail Centre, 12 to 15 minutes walk or 5 minutes drive away. There is Harbourfront or VivoCity, just 10 minutes by train or car. These are pretty big malls, with supermarket and a good selection of shops, cinema and eateries.
URA has drawn up plans to transform the south-west coast, from Marina East to Pasir Panjang, into a grand waterfront city and major gateway. Named the Greater Southern Waterfront, this ambitious plan will cover 1000 hectares, 2.5 times the size of Marina Bay. It will incorporate a 30 KM nature trail from Gardens by the Bay, running all the way to Labrador Park.
Development will take place in phases over the next 5 to 10 years. The first phase is slated for completion by 2030. Preparation work has already begun, with the clearance and move of the Tanjong Pagar port operations to Tuas. The Pasir Panjang Terminal just south of Terra Hills will be the next to go. The Mount Faber, Pasir Panjang Power District, and Keppel Club areas will be among the first to start development work.
Terra Hill in Pasir Panjang has been sold for S$371 million. The sale price works out to approximately S$1,355 per plot ratio (ppr). Including 7 per cent bonus balconies, the land price works out to approximately S$1,318 ppr.
The price takes into consideration the development charge of about $24 million to increase the plot ratio to 1.4 under the URA Master Plan 2019. An additional $16 million development charge is payable for the additional 7% bonus GFA.
After adding all the construction, funding and overheads, the break-even will likely be close to SGD$2,000 PSF. Hence the eventual selling price will be north of that especially as this is freehold, and other RCR Rest of Central Region) leasehold projects are already selling at above $2,200 PSF.
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Founded in Singapore in 1983, Hoi Hup Realty Pte Ltd is an established niche property developer with a diversified portfolio of property developments, comprising private condominiums, landed housing, cluster-strata housing, executive condominiums and mixed-use commercial developments. To-date Hoi Hup has delivered more than 7,300 quality homes.
Our portfolio sports numerous locales both prominent and notable developments like Sophia Hills, Shelford 23, Suites @ Cairnhill, Hundred Palms Residences, Kovan Regency, the latest Ki Residences at Brookvale and more.
With dedication to exceptional workmanship, commitment in the enhancement of value and vision of impeccable design we at Hoi Hup believe that we can set new standards of quality, value and innovation as we continue our growth into a premier real estate developer of Singapore and the rest of the world.
Sunway Developments is the property developer arm of Sunway Group, one of Malaysia’s largest conglomerates with 12 business divisions that operate across 50 locations worldwide. Sunway Developments has acquired vast experience in managing and developing innovative and quality residential and non-residential properties, which include retail, leisure, healthcare, hospitality, and other commercial assets.
Established in 1974, Sunway Group’s core interests are focused on real estate, construction, education, healthcare, retail and hospitality. Founded on the concept of sustainable development, Sunway Group is today one of Malaysia’s largest conglomerates with core interests in real estate, construction, education, healthcare, retail, and hospitality. Sunway’s unique Build-Own-Operate business model makes them an integral stakeholder of the communities in which they operate. These are particularly the sustainable townships of Sunway City Kuala Lumpur, Sunway City Ipoh in Perak and Sunway City Iskandar in Johor, and a host of other integrated developments which collectively span more than 5,000 acres across Malaysia.